When it comes to starting a new business, picking the right legal entity can be overwhelming. That's why most people decide to "play dirty" but the professionals eventually "level up". Whether you're selling drinks at your lemonade stand or cutting hair at your house you should want to legitimize your business. We discuss the benefits of asset protection, tax write offs, & business credit that's comes with the level up!

The three most common legal entities are a LLC, C corporation, and S corporation. Without having one of these entities to protect you can run into some serious problems. The 4 problems that KB and Leahcim addressed were:

1. Being sued and not having protection for your personal assets
2. Not being paid correctly as an independent contractor
3. Paying high taxes or not paying taxes at all to cheat the system
4. Not having access to business credit or access to more capital.

Digit app: https://digit.co/r/W1mnUNDPxV?ab

Are you debt? Do you need help? Do you like saving money? If you can answer yes to any of these questions, use our link to get $5 and start saving with digit. Our co-host KB paid off $10,000 of debt in one year because of digit.

FREE book: https://amzn.to/3aiXfmf

If you want to learn more about entrepreneurship we recommend "Rich dad, Poor dad" by Robert Kiyosaki. Our co-host Leahcim loves this book. 

Use our link to get your FREE book on Entrepreneurhood:

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@TheEntrepreneurhood
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